Creating and Editing Resources
Resources are everything used in production that isn't a material. For example: employee wages, contractor payments
(outsourced manufacturing), utilities (electricity, water, gas), equipment depreciation, and more.
Adding a New Resource
There are two ways to create a new resource:
1. Click the Add button to create a resource from scratch
2. Copy an existing resource by opening it and clicking Copy
To edit a resource, open its details by clicking on the resource name in the list, then click the Edit button.
We've written in more detail about adding specific resource categories in separate articles:
- Adding employees
- Adding utilities
- Adding production equipment
- Adding overhead costs and commissions
Calculation Types
When creating a resource, you need to select a calculation type. The calculation type determines how the resource cost
is calculated in product cost.
Important: the calculation type can only be changed as long as the resource has not been used in production. After that,
the calculation type becomes locked.
Fixed Rate
The resource cost is specified as a fixed amount. Suitable for labor costs, utilities, contract manufacturing.
There are two options:
Price is set in the resource. Enter the price per unit and select a unit of measure. For example, $15 per hour of work.
In the product composition, you will specify the quantity — for example, 2 hours. The resource cost is calculated
automatically: $15 × 2 hours = $30.
Price is set in product composition. In this case, the price and unit of measure are not specified in the resource. In
each product composition, you will enter the resource cost directly in your currency. Quantity is not used. This option
is useful when the resource cost varies between products and is not tied to a unit of measure.
Percentage
The resource cost is calculated as a percentage of cost price or selling price. Suitable for overhead costs, markup,
commissions.
There are two options:
Percentage is set in the resource. Enter the percentage and select the calculation base — cost price or selling price.
For example, 10% of cost price. This percentage will be the same for all products that use this resource.
Percentage is set in product composition. In this case, the percentage is not specified in the resource. In each product
composition, you will enter your own percentage. This option is useful when the percentage varies between products — for
example, different commissions or markups depending on the product category.
Depreciation
The resource cost is gradually allocated to product cost based on useful life. Suitable for equipment, vehicles, tools.
When creating the resource, enter the initial cost, useful life, and unit of measure.
Depreciation is suitable for resources that have an initial cost and a limited useful life — equipment, vehicles, tools.
For employees, contractors, and utilities, use Fixed Rate instead.
Important: specify actual operating time, not calendar time. For example, if a machine will last 2 years but will only
operate for 2,000 hours during that period, enter 2,000 hours, not 2 years.
You can read more about depreciation in a separate article.
General Parameters
The following parameters are available for all calculation types.
Name
The resource name.
Categories
You can organize resources into categories for easier navigation. Multiple categories can be assigned to a single
resource. When viewing the resources list, click on a category name to quickly filter the list.
Examples of resource categories: utilities, employees, equipment.
Notes
You can leave any helpful information in the notes field.
Files
You can attach images and other files to your resources.
If you add the Image column in column settings, the first attached image will be shown as the resource preview. To
change the order, drag and drop the files.